Why did Preet Bharara Refuse to Drain the Wall Street Swamp? William K. Black (A co-founder of Bank Whistleblowers United) March 20, 2017 The New York Times’ editorial board published an editorial on March 12, 2017, praising Preet Bharara as the “Prosecutor Who Knew How to Drain a Swamp.” I agree … Continue reading → Why did Preet Bharara Refuse to Drain th […]
February Job Growth Barely Made Dent in Record Low Labor Force Participation NEP’s Bill Black appeared on The Real News Network discussing newest government data still show trends of low wage job creation, racial disparities in employment, and workers continuing to leave the labor force. Video is below. You can view with … Continue reading → February Job Gro […]
It does not quite add up. But then why should it. Spin is spin. On the one hand, we are being constantly told that the world has entered a new era of secular stagnation, driven by an ageing population and … Read the rest of this entry »
How would we assess whether a monetary system was working? There are several dimensions that warrant attention. On any dimension that we might put forward, the Eurozone has been a miserable failure. I have just read the latest – Benchmarking … Read the rest of this entry »
from L. Randall Wray Trump has put forward a number of proposals related to the theme of ending globalization – including renegotiating NAFTA and pulling out of the TPP – many of which were directed at China and other exporters. Like many American politicians, Trump has claimed that China is a “currency manipulator” and promises to […]
from Lars Syll In the realm of science it ought to be considered of little or no value to simply make claims about the model and lose sight of reality. There is a difference between having evidence for some hypothesis and having evidence for the hypothesis relevant for a given purpose. The difference is important […]
Hard to say the credit collapse is over. And as the causation is “bank loans create bank deposits” that component of the ‘money supply’ is decelerating as well: The seasonally adjusted rate of sales continues to work it’s way lower: From WardsAuto: Forecast: U.S. March Sales to Reach 17-Year High A WardsAuto forecast calls for […] The post Credit check, Vehi […]
Trumped up expectations fading, as weakness in the service sector continues, And if Trump loses today’s health care vote, I expect those expectations to fade that much faster: Highlights All in the mid-to-low 50s and at 6-month lows, a significant moderation in growth is the signal from Markit Economics’ U.S. diffusion indexes. The composite flash […] The po […]
La question du protectionnisme est aujourd’hui posée par plusieurs des candidats à l’élection présidentielle. Face à eux, les « tenants du système », c’est à dire Emmanuel Macron, François Fillon, et dans une moindre mesure...
Effaré par l’ampleur des méconnaissances, mais aussi parfois par la mauvaise foi, des journalistes et des hommes politiques qui s’expriment sur la question de la sortie de l’Euro, j’ai décidé de rassembler ici certaines...
Par Bill MitchellThe dreaded NAIRU is still about!16 Avril 2009Traduction collective avec Frapper MonnaieBill Mitchell est Professeur de recherche en économie et Directeur du Centre du Plein Emploi et Équité (CofFEE), a l'Université de Newcastle, NSW Australia.L’épouvantable NAIRU est toujours d’actualité ! Je pensais – de façon optimiste – qu'il d […]